What exists in your machine is simply grounding through the
A proper new 30a cable................
Actually, the law (in the United States) now requires a 4-prong, 4-cable dryer outlet and cord in NEW installations (homes).
The old way... a three-prong, three-conductor cord may still be used when such an outlet (i.e. with only three "holes") is already exisitng.
If you were to upgade your receptacle (female) to the new 4- conductor, 4-prong, 4-hole style outlet, then:
#1= hot (black or red)
#2= neutral (white)
#3= hot (The OTHER hot. i.e. if black is on "1", then red)
#4= Screw to chassis/cabiet. New 4th green/ground wire from flexible connector/cord would go here.
Loop between 4th screw for ground and neutral terminal "#2" would be removed.
It is my understanding that in Canada 3-wire connections of electric (220v) clothes dryers with a shared neutral /ground is not permitted and has not been so since 1966, if ever. I remember this from installation instructions that came with my mother's Maytag dryer of that vintage.